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Audencia Nantes, School of Management (Audencia PRES LUNAM), Research Center in Marketing & Distribution In Situ, 8 Route de la Jonelire,
BP 31222, 44312 Nantes Cedex 3, France
b
IUT de Saint-Nazaire, LEMNA, 58 Rue Michel-Ange, BP 420, 44600 Saint Nazaire, France
art ic l e i nf o
a b s t r a c t
Article history:
Received 15 April 2013
Accepted 30 November 2013
Available online 20 January 2014
This study investigates the impact of a retailer0 s Corporate Social Responsibility (CSR) policy and its price
image on retailer personality, along with the impact of these two variables on the consequences of
retailer personality: consumers0 satisfaction, trust and loyalty toward the retailer (measured by their
attitude and future behavioral intentions). Data were collected on a convenience sample of 352
consumers of a French grocery retailer. Using Partial Least Squares analysis (PLS), we show that
perceived Corporate Social Responsibility and price image have a signicant positive/negative inuence
on retailer personality traits (agreeableness and conscientiousness/disingenuousness) and that
Corporate Social Responsibility has also a signicant positive inuence on the sophistication
personality trait. For the consequences examined (satisfaction, trust and loyalty to the retailer), we
show that Corporate Social Responsibility, price image and retailer personality have a direct or indirect
impact on these dependent variables.
& 2013 Elsevier Ltd. All rights reserved.
Key words:
Retailer personality
Corporate Social Responsibility (CSR)
Price image
Consumer satisfaction
Consumer trust
Consumer loyalty
1. Introduction
By acquiring notoriety, a strong image and hence signicant brand equity, retailers have become full-edged brands
(Achenbaum and Bogda, 1997). From both a theoretical standpoint
and that of various retail market actors (distributors, consumers
and manufacturers), retailers have become brands that convey
messages, promises and value (Fleck and Nabec, 2010). Zentes
et al. (2008) dene the retail brand as a group of the retailer0 s
outlets which carry a unique name, symbol, logo or combination
thereof. It is crucial for retailers to possess powerful brands that
can help them thrive in their often highly competitive market
(Henderson and Mihas, 2000). The retail brand strongly inuences
consumers0 perceptions and guides their choices, and builds their
loyalty to the retailer and its points of sale, in a relationship
established between the retailer and its customers (Ailawadi and
Keller, 2004). The retailer, like the brand, is a milestone, a source of
benets and a vector of a preferred attitudinal and behavioral
relationship between consumer and retailer (Fleck and Nabec,
2010).
LSA (a magazine for professionals in France), no. 2205 (17/11/2011), pp. 1215.
Points de Vente (a magazine for professionals in France), no. 1110 (5/3/2012),
pp. 22.
3
Marketing Magazine (a magazine for professionals in France), no. 152 (01/10/
2011), pp. 3437.
2
supplement current research, mainly qualitative, on the antecedents of brand personality (Brengman and Willems, 2009) along
with studies of the consequences of price image (Zielke, 2006,
2010). Whereas Corporate Social Responsibility has been investigated extensively, mainly regarding its inuence on consumers
(e.g., Luo and Bhattacharya, 2006; Stanaland et al., 2011; Herault,
2012), few studies have specically looked at the consequences of
price image. The remainder of the article is structured as follows.
The rst section discusses retailer personality and presents the
model and hypotheses. The methodology used is then described
and the results presented. The limitations of the study are noted
and future research avenues are proposed.
2. Retailer personality
Retailer personality is often dened with reference to brand
personality. Aaker (1997) was the rst to conceptualize brand
personality as the set of human characteristics associated with a
brand. This seminal denition nonetheless includes other characteristics (e.g., sociodemographic, such as age, gender and social
class) in addition to personality. Consequently, new denitions of
brand personality have been proposed.
Azoulay and Kapferer (2003) dene brand personality as
the unique set of human personality traits both applicable and relevant
to brands. Based on this denition, Geuens et al. (2009) developed a
12-item scale to measure brand personality. This reliable and valid
instrument comprises of four positive traits (activity, responsibility,
simplicity and emotionality) and one negative trait (aggressiveness).
Similarly, Ferrandi and Valette-Florence (2002) conceptualize
brand personality as the set of human personality traits associated
with a brand. Referring to this denition, Ambroise and ValetteFlorence (2010) developed a reliable and valid 23-item scale to
measure brand personality, comprising six positive traits (congeniality, creativity, seduction, preciousness, originality and conscientiousness) and three negative traits (dominance, deceitfulness and
introversion).
Ambroise and Valette-Florence (2010) also proposed a secondlevel structure on which nine traits are grouped into ve secondorder factors. The ve principal traits are agreeableness (which
includes the traits of congeniality, creativity, and seduction),
sophistication (which includes preciousness and originality), conscientiousness, disingenuousness (which includes dominance and
deceitfulness) and introversion. This measurement scale, developed specically for the French semantic and cultural context in
which the present study is conducted, will be used to measure
retailer personality. In line with the denitions of brand personality presented above, retailer personality is dened as the set of
human personality traits associated with a retailer.
Adaptation to retailers of the concepts developed in the eld of
brands (e.g. personality) owes much to Ailawadi and Keller (2004),
who recommend that marketing researchers apply to retailers the
principles related to brands and their management. Brands and
H5 a, b, c, d
Attitude
CSR
H4e
Trust
H1
H2
Price image
H4f
H3 a, b, c, d
Retailer
personality
631
H4d
H4a
H4b
Satisfaction
H6 a, b, c, d
H4c
Future behavioral
intentions
632
4
In this study, the trait genuineness proposed by Brengman and Willems
(2009) will be measured by the deceitfulness (the opposite) and conscientiousness
personality traits proposed by Ambroise and Valette-Florence (2010).
633
H4e. Consumers0 attitude toward a retailer has a positive inuence on their future behavioral intentions regarding the retailer.
H4b. Consumers satisfaction with a retailer has a positive inuence on their attitude toward the retailer.
0
634
2009; Ngobo and Jean, 2012), several authors have shown the
inuence of prices on consumer satisfaction (e.g., Voss et al., 1998;
Varki and Colgate, 2001; Iyer and Evanschitzky, 2006) and
consumers0 attitude toward a point of sale (Stan et al., 2007).
Zielke (2008) found that prices perceived by consumers, specically the dimensions price level, price value, price fairness, price
perceptibility, price processibility, special offers, price advertising
and products in the upper price range) inuence consumers0 price
satisfaction, a determinant of the global level of satisfaction
consumers feel (Lymperopoulos and Chaniotakis, 2008). Specically, consumers0 perception of price fairness has a positive and
signicant impact on their level of satisfaction and an indirect
impact on their loyalty via the variables satisfaction and commitment (Matute-Vallejo et al., 2011). Consumers0 perception of price
fairness is also an antecedent of trust (Buttle and Burton, 2002).
Based on studies that examine price image and its consequences directly or indirectly via one of its main antecedents, i.e.
prices perceived by consumers, we formulate the following
hypotheses:
H6a. The retailer0 s price image has a positive inuence on consumers0 satisfaction with the retailer.
H6b. The retailer0 s price image has a positive inuence on consumers0 trust in the retailer.
H6c. The retailer0 s price image has a positive inuence on consumers0 attitude toward the retailer.
H6d. The retailer0 s price image has a positive inuence on consumers0 future behavioral intentions toward the retailer.
4. Methodology
4.1. Retailer studied
Systme U is a French cooperative of food retail merchants. In
early 2012, the retailer0 s market share (in value) was 10.1% (for
hypermarket and supermarket), positioning it behind the retailers
Carrefour, Leclerc and Intermarch. In terms of price image,
Systme U is situated behind Leclerc, which has highlighted its
low price image in its institutional communication for several
years. Systme U also has a Corporate Social Responsibility (CSR)
policy via its commitments to improve the environmental quality
of its offering (organic products and ecological cleaning products),
store design (efcient in terms of natural resources and energy),
and reduction and recycling of waste in its stores (treatment and
recovery of plastic). Via its stores, this retailer also forms preferred
partnerships with local authorities (e.g., by sponsoring local sports
clubs) and favors local and regional products in its stores by establishing preferred relationships with SME (e.g., with Produits d0 Ici (local
products)). It also supports humanitarian actions (e.g., with Action
Contre la Faim (an anti-hunger association)).
4.2. Sample
The study was conducted on a convenience sample of 352
individuals, ages 2025, within a store laboratory. This store is an
exact replica of several food shelves (pasta and rice, fruit juice) and
hygiene (shower products and shampoo) of a Systme U supermarket. In addition, two shelves were dedicated to products
(preserved vegetables, soups, pasta, biscuits, fruit juice, jams,
etc.) that bore an organic agriculture label (French and/or
European), under the store brand. Another shelf was dedicated
to ecological cleaning products (laundry products, housecleaning,
dishwashing liquids, paper towels, etc.) that bore the European
ecolabel, under the store brand.
635
Table 1
Links between rst-order and second-order factors.
Path coefcients
t-value
0.874
0.828
0.801
33.692**
27.635**
25.026**
CongenialityAgreeableness
SeductionAgreeableness
CreativityAgreeableness
0.842
0.746
0.836
29.169**
20.931**
28.495**
OriginalitySophistication
PreciousnessSophistication
0.932
0.920
48.213**
43.770**
DeceitfulnessDisingenuousness
DominanceDisingenuousness
0.957
0.947
61.593**
55.212**
CredibilityTrust
IntegrityTrust
BenevolenceTrust
0.868
0.916
0.796
32.694**
42.628**
24.644**
0.912
0.927
41.464**
46.088**
p o 0.05.
nn
p o0.01.
5. Results
5.1. Test of measurement model
Before testing the model proposed in this study using structural equations modeling (SEM), conrmatory factor analysis was
performed on the data collected using the partial least squares
method (PLS6) with a bootstrap procedure7 (200 iterations)
(Tenenhaus et al., 2005). In line with the literature, second-order
factors were posited for Corporate Social Responsibility (Swaen
and Chumpitaz, 2008), retailer personality (Ambroise and ValetteFlorence, 2010), trust (Gurviez and Korchia, 2002) and future
behavioral intentions (Soyoung and Byoungho, 2001) (Table 1).
Factor loadings above 0.50 and statistically signicant at 1%
were satisfactory (Table 2). The Jreskog0 s Rh (1971) coefcient
was then used to evaluate the reliability (internal coherence) of
6
636
Table 2
Results of conrmatory analysis.
Second-order
variables
First-order variables
Items
Loadings
t-value
Corporate social
responsibility
(0.947) (The
numbers
between
brackets are
the Jreskog
coefcients)
0.688
11.696nn
0.852
18.203nn
0.793
17.092nn
0.847
19.970nn
Agreeableness
(0.952)
Sophistication
(0.942)
Disingenuousness (0.953)
0.758
14.704nn
0.790
0.817
13.913nn
14.458nn
Philanthropic activities
(0.859)
0.821
0.851
0.782
14.832nn
19.326nn
15.881nn
0.864
18.685nn
0.739
0.785
13.703nn
15.673nn
0.671
12.536nn
Introversion (0.871)
Reserved
Shy
0.862
0.894
23.539nn
22.924nn
Congeniality (0.880)
Endearing
Pleasant
Friendly
0.856
0.842
0.828
14.490nn
19.892nn
17.663nn
Seduction (0.915)
Charming
Seductive
0.915
0.922
22.506nn
21.798nn
Creativity (0.835)
Resourceful
Creative
Imaginative
0.675
0.863
0.831
10.623nn
17.652nn
17.142nn
Conscientiousness (0.843)
Organized
Meticulous
Serious
0.789
0.866
0.745
13.727nn
14.874nn
13.658nn
Originality (0.872)
Trendy
Modern
0.880
0.879
21.717nn
21.152nn
Preciousness (0.907)
Classy
Stylish
0.899
0.923
21.998nn
18.058nn
Deceitfulness (0.926)
Hypocritical
Lying
Deceitful
0.892
0.908
0.893
14.356nn
18.443nn
17.745nn
Dominance (0.894)
Parvenu
Arrogant
Pretentious
I am satised with this retailer
I think that frequenting this retailer0 s stores is a
good idea
I think that frequenting this retailer0 s stores is a
good choice
0.820
0.882
0.874
0.842
0.900
10.412nn
17.679nn
18.762nn
17.805nn
22.714nn
0.910
21.359nn
0.816
13.877nn
0.787
0.844
14.744nn
19.601nn
0.891
17.679nn
0.849
17.526nn
0.835
15.586nn
Trust in the
retailer (0.954)
Credibility (0.857)
Integrity (0.894)
637
Table 2 (continued )
Benevolence (0.873)
Future behavioral
intentions
(0.937)
0.910
20.243nn
0.849
16.040nn
0.862
0.846
0.905
0.907
16.753nn
20.048nn
20.023nn
20.355nn
0.843
20.800nn
0.904
22.458nn
0.889
25.425nn
0.915
23.733nn
po 0.05.
nn
p o0.01.
price image explain 12.2%, 14.4%, 2.6% and 6.9% respectively of the
variation of the variables agreeableness, conscientiousness,
sophistication and disingenuousness. These results indicate that
other determinants of retailer personality should be considered
to increase the percentage of variance explained for each
personality trait.
Regarding consequences, the structural model indicates that
the personality trait agreeableness (PC0.346, t7.852, p o0.01),
price image (PC0.325, t 7.476, p o0.01) and CSR (PC 0.156,
t 3.426, po 0.01) have a positive and signicant inuence on
consumers0 satisfaction with the retailer, whereas the trait disingenuousness has a negative and signicant inuence on this
variable (PC 0.197, t 4.610, po0.01). The personality traits
examined, price image and CSR collectively explain 43.1% of the
variation of the variable satisfaction. These results therefore partly
support hypothesis H3a regarding the inuence of ve retailer
personality traits on consumer satisfaction with the retailer, and
conrm the ndings of Lombart and Louis (2012b). Hypothesis H5a,
pertaining to the inuence of CSR on satisfaction, is validated and
thus corroborates Gupta and Pirsch0 s (2008) ndings in the specic
eld of distribution. Hypothesis H6a, regarding the inuence of price
image on consumer satisfaction, is also validated. This research thus
supplement the previous works that mainly considered the link
between prices perceived by consumers and their level of satisfaction (e.g., Voss et al., 1998; Varki and Colgate, 2001; Iyer and
Evanschitzky, 2006; Zielke, 2008) by establishing a link between
price image and consumer satisfaction.
The structural model also indicates that satisfaction (PC 0.482,
t 12.218, p o0.01), CSR (PC 0.360, t9.261, po 0.01) and the
retailer personality traits sophistication (PC 0.132, t 3.592,
p o0.01) and introversion (0.089, t 2.494, po 0.05) have a
positive and signicant inuence on consumers0 trust in the
retailer. These variables collectively explain 57% of the variation
of the variable trust. The results therefore partly validate hypothesis H3b, concerning the inuence of ve retailer personality traits
on consumers0 trust in the retailer, and corroborates the ndings
of Gouteron (2006) and Lombart and Louis (2012b). Further, the
personality trait introversion has a positive inuence on trust,
whereas we have postulated a negative inuence. In other words,
the more a retailer is perceived by consumers as being reserved
and timid, the more consumers will trust in the retailer. Hypothesis H5b, regarding the inuence of CSR on consumer trust, is
validated and thus conrms the many works that afrm this link
(Lacey and Kennett-Hensel, 2010; Lin et al., 2011; Stanaland et al.,
2011; Herault, 2012). Hypothesis H6b, regarding the inuence of
price image on consumers0 trust, is not validated. The retailer price
image therefore has no impact on consumers0 trust in the retailer.
Only consumers0 perception of price fairness seems to be an
antecedent of trust (Buttle and Burton, 2002). Lastly, Hypothesis
H4a is supported by our data. As noted by Aurier and N0 Goala
(2010) and Swaen and Chumpitaz (2008), satisfaction is a determinant of trust. In the present study, consumers0 satisfaction with
a retailer is the variable that best explains trust in the retailer.
The structural model indicates that satisfaction (PC 0.765,
t23.251, po 0.01), the personality trait sophistication (PC
0.088, t 3.436, p o0.01), CSR (PC 0.101, t 3.357, p o0.01) and
trust (0.072, t 1.969, p o0.05) have a positive and signicant
inuence on consumers0 attitude toward the retailer. These variables collectively explain 79.3% of the variation of the variable
attitude. The results therefore partly validate hypothesis H3c,
regarding the inuence of ve retailer personality traits on
consumers0 attitude toward the retailer, and conrm the ndings
of Helgeson and Supphellen (2004), Ben Sliman et al. (2005) and
Lombart and Louis (2012b). Hypothesis H5c, regarding the inuence of CSR on consumers0 attitude, is validated, corroborating the
works that have established this link (Mohr and Webb, 2005;
Marin et al., 2009; Tian et al., 2011; Herault, 2012). Hypothesis
H6c, positing the inuence of price image on consumers0 attitude,
was refuted. Retailer0 s price image therefore does not affect
consumers0 attitude toward the retailer. Only prices perceived by
consumers seem to affect their attitude toward a point of sale
(Stan, Calciu and Jakobowicz, 2007). Lastly, hypotheses H4b and
H4c, addressing the inuence of satisfaction and trust on consumers0 attitude toward the retailer, are validated. Satisfaction is
the variable with the most explanatory power regarding attitude.
The structural model implies that attitude (PC 0.449, t 6.795,
po 0.01), satisfaction (PC 0.390, t5.939, p o0.01) and the
personality traits sophistication (PC 0.122, t3.516, po 0.01)
and conscientiousness (PC0.116, t 3.248, p o0.01) have a positive and signicant inuence on consumers0 future behavioral
638
Table 3
Average variances extracted and bivariate correlations.
1
10
11
12
13
14
0.636
0.401
0.249
0.060
0.002
0.073
0.069
0.010
0.078
0.077
0.029
0.032
0.018
0.028
0.038
0.014
0.102
0.239
0.147
0.215
0.181
0.136
0.081
0.083
0.056
0.633
0.622
0.263
0.121
0.001
0.071
0.091
0.004
0.065
0.116
0.015
0.019
0.007
0.062
0.077
0.037
0.210
0.356
0.209
0.342
0.254
0.238
0.166
0.170
0.116
0.499
0.513
0.669
0.020
0.002
0.068
0.075
0.007
0.067
0.034
0.011
0.010
0.008
0.029
0.028
0.024
0.074
0.153
0.101
0.118
0.133
0.121
0.112
0.123
0.073
0.279
0.245
0.348
0.141
0.590
0.002
0.044
0.070
0.003
0.028
0.083
0.018
0.034
0.003
0.038
0.039
0.029
0.233
0.105
0.068
0.099
0.066
0.132
0.083
0.079
0.064
0.045
0.045
0.032
0.045
0.045
0.772
0.001
0.007
0.021
0.003
0.000
0.018
0.024
0.008
0.000
0.000
0.000
0.002
0.003
0.003
0.007
0.000
0.007
0.013
0.010
0.011
0.318
0.270
0.266
0.261
0.210
0.032
0.713
0.330
0.263
0.302
0.274
0.265
0.084
0.100
0.100
0.063
0.084
0.055
0.145
0.318
0.279
0.255
0.259
0.167
0.055
0.709
0.192
0.282
0.200
0.304
0.268
0.254
0.013
0.015
0.009
0.274
0.220
0.204
0.145
0.150
0.331
0.212
0.202
0.161
0.438
0.843
0.233
0.040
0.331
0.267
0.302
0.094
0.075
0.097
0.048
0.054
0.058
0.025
0.044
0.059
0.067
0.050
0.062
0.531
0.483
0.630
0.154
0.246
0.239
0.183
0.006
0.004
0.008
0.092
0.128
0.101
0.082
0.113
0.112
0.083
0.061
0.080
0.311
0.277
0.341
0.184
0.288
0.000
0.438
0.447
0.200
0.392
0.643
0.142
0.168
0.081
0.013
0.011
0.013
0.146
0.107
0.066
0.088
0.092
0.133
0.059
0.068
0.036
0.161
0.170
0.122
0.105
0.134
0.134
0.664
0.551
0.575
0.496
0.377
0.802
0.170
0.179
0.138
0.100
0.184
0.155
0.625
0.518
0.517
0.489
0.410
0.126
0.134
0.084
0.089
0.055
0.089
0.604
0.504
0.550
0.428
0.285
0.642
0.078
0.002
0.101
0.109
0.010
0.101
0.097
0.026
0.029
0.016
0.051
0.061
0.032
0.163
0.332
0.205
0.292
0.257
0.219
0.159
0.167
0.108
0.192
0.441
0.391
0.365
0.009
0.005
0.012
0.193
0.197
0.179
0.121
0.153
0.235
0.177
0.148
0.150
15
0.226
0.167
0.249
0.170
0.195
0.000
0.095
0.114
0.307
0.077
0.114
0.228
0.774 0.715 0.148
0.511 0.830 0.279
0.052 0.022 0.078 0.772
0.034 0.012 0.056
0.064 0.031 0.088
0.057 0.066 0.034 0.071
0.086 0.078 0.069 0.037
0.103 0.077 0.101 0.013
0.035 0.040 0.021 0.059
0.071 0.069 0.053 0.017
0.096 0.094 0.071 0.066
0.096 0.087 0.077 0.048
0.095 0.092 0.071 0.056
0.070 0.060 0.060 0.030
16
17
18
19
20
21
22
23
24
25
26
0.247
0.195
0.277
0.167
0.197
0.000
0.071
0.122
0.274
0.063
0.105
0.184
0.110
0.237
0.179
0.118
0.192
0.155
0.170
0.000
0.110
0.095
0.311
0.089
0.114
0.253
0.176
0.297
0.806
0.661
0.065
0.047
0.017
0.071
0.022
0.063
0.053
0.057
0.035
0.813
0.738
0.063
0.022
0.007
0.037
0.009
0.057
0.035
0.044
0.019
0.404
0.319
0.458
0.272
0.483
0.045
0.439
0.523
0.219
0.303
0.382
0.239
0.257
0.184
0.266
0.255
0.251
0.782
0.425
0.423
0.296
0.229
0.762
0.587
0.569
0.436
0.576
0.489
0.597
0.391
0.324
0.055
0.444
0.469
0.232
0.358
0.327
0.293
0.279
0.263
0.192
0.217
0.148
0.652
0.720
0.453
0.383
0.457
0.318
0.261
0.055
0.423
0.452
0.241
0.318
0.257
0.321
0.277
0.318
0.114
0.130
0.084
0.650
0.540
0.464
0.585
0.344
0.315
0.084
0.348
0.381
0.158
0.286
0.297
0.187
0.200
0.145
0.243
0.266
0.192
0.544
0.507
0.425
0.504
0.365
0.257
0.000
0.391
0.387
0.210
0.336
0.303
0.266
0.263
0.230
0.130
0.148
0.095
0.479
0.666
0.444
0.268
0.419
0.336
0.344
0.237
0.666
0.738
0.444
0.299
0.209
0.207
0.151
0.518
0.666
0.775
0.241
0.175
0.146
0.149
0.468
0.369
0.488
0.348
0.363
0.084
0.485
0.575
0.243
0.335
0.365
0.310
0.307
0.266
0.257
0.251
0.239
0.873
0.655
0.647
0.547
0.491
0.775
0.613
0.616
0.440
0.399
0.285
0.407
0.335
0.288
0.114
0.421
0.460
0.259
0.288
0.243
0.310
0.295
0.277
0.219
0.230
0.187
0.766
0.566
0.580
0.457
0.418
0.783
0.789
0.409
0.288
0.412
0.351
0.281
0.100
0.385
0.449
0.224
0.247
0.261
0.308
0.303
0.266
0.237
0.239
0.210
0.754
0.558
0.587
0.455
0.382
0.785
0.329
0.237
0.341
0.270
0.253
0.105
0.387
0.401
0.249
0.283
0.190
0.265
0.245
0.245
0.173
0.187
0.138
0.660
0.488
0.487
0.389
0.386
0.663
0.429
0.320
0.311
0.238
0.764 0.690
0.476 0.814
Note: The diagonal gures in bold indicate the Average Variances Extracted (AVE) for each construct. The scores in the upper diagonal are correlations. The scores in the lower diagonal are square of the correlations
1. CSR
2. Respect for the environment
3. Respect for consumers
4. Philanthropic activities
5. Price image
6. Introversion
7. Agreeableness
8. Congeniality
9. Seduction
10. Creativity
11. Conscientiousness
12. Sophistication
13. Originality
14. Preciousness
15. Disingenuousness
16. Deceitfulness
17. Dominance
18. Satisfaction
19. Trust
20. Credibility
21. Integrity
22. Benevolence
23. Attitude
24. Future behavioral intentions
25. Toward the store
26. Toward the store brand
639
Table 4
Results of structural model.
Path coefcients
t-value
0.286
0.133
5.431**
2.529*
0.122
0.249
0.221
4.798**
4.250**
0.144
0.162
0.187
0.137
3.065**
3.450**
2.530*
0.026
0.069
Agreeableness-Satisfaction
Price image-Satisfaction
Corporate social responsibility-Satisfaction
Disingenuousness-Satisfaction
0.346
0.325
0.156
0.197
7.852**
7.476**
3.426**
4.610**
0.431
Satisfaction-Trust
Corporate social responsibility-Trust
Sophistication-Trust
Introversion-Trust
0.482
0.360
0.132
0.089
12.218**
9.261**
3.592**
2.495*
0.570
Satisfaction-Attitude
Sophistication-Attitude
Corporate social responsibility-Attitude
Trust-Attitude
0.765
0.088
0.101
0.072
23.521**
3.436**
3.357**
1.969*
0.793
0.449
0.390
0.122
0.116
6.795**
5.939**
3.516**
3.248**
0.662
po 0.05.
p o0.01.
nn
6. Conclusion
This study examined the inuence of the retailer0 s CSR policy
and its price image on retailer personality, along with the impact
Table 5
Summary of direct links between variables.
H1
CSR-Retailer personality
Partly validated
H2
Partly validated
H3a
H3b
H3c
H3d
Retailer
Retailer
Retailer
Retailer
Partly
Partly
Partly
Partly
H4a
H4b
H4c
H4d
H4e
H4f
H5a
H5b
H5c
H5d
Satisfaction-Trust
Satisfaction-Attitude
Trust-Attitude
Satisfaction-Future behavioral intentions
Attitude-Future behavioral intentions
Trust-Future behavioral intentions
CSR-Satisfaction
CSR-Trust
CSR-Attitude
CSR-Future behavioral intentions
Validated
Validated
Validated
Validated
Validated
Not validated
Validated
Validated
Validated
Not validated
H6a
H6b
H6c
H6d
Price
Price
Price
Price
Validated
Not validated
Not validated
Not validated
personality-Satisfaction
personality-Trust
personality-Attitude
personality-Future behavioral intentions
image-Satisfaction
image-Trust
image-Attitude
image-Future behavioral intentions
validated
validated
validated
validated
640
Table 6
Summary of indirect links between variables.
Variables explained
Satisfaction
Trust
Attitude
641
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